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GBP/USD Still Focused on 1.4455/60 – UOB The research team at UOB Group said GBP/USD needs to close above 1.4455/60 in order to allow for further gains. Key Quotes “The undertone for GBP is clearly positive but as mentioned in recent updates, only a daily closing above 1...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 11:36
Descending Triangle identified at 22-Apr-14:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.81 within the next 4 days. Resistance Levels : ( B ) 1.8334Last resistance turning point of Descending Triangle. Support Levels ( A ) 1...
Charts
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Lahcene Ouled Moussa, 25 April 2016, 11:30
USD Expected to Gather Traction in the Next Months – Danske Bank Analyst at Danske Bank Mathias Mogensen sees the dollar edging higher in the upcoming months...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 11:29
EUR/CHF Keeps Lows Near 1.0970 The Swiss franc is gathering upside momentum on Monday, dragging EUR/CHF to the area of session lows in the 1.0980/70 band. EUR/CHF gains capped near 1.1020 The cross is retreating from last week’s tops in the 1...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 11:23 #eurchf
USD/JPY Finds Solid Support Just Ahead of 111 The bears appear to loosen their grip on the USD/JPY pair, allowing a minor pullback from 111 handle once again amid risk-off market profile...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 11:20
EUR/GBP Hits Fresh Session Highs Near 0.7810 Post-IFO The EUR/GBP cross keeps the bid tone intact following the release of the German Ifo surveys, which showed a slight deterioration in the business sentiment. EUR/GBP holds above 0.78 handle Currently, the EUR/GBP pair trades 0...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 10:59
GBP/USD Erases Early Gains, Drops Back to 1.4400 Mark The GBP/USD pair early morning gains ran into selling pressure, dragging the pair back towards 1.4400 handle to currently trade near 1.4410 level...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 10:57
EUR/USD Faces Support Around 1.1140 – Commerzbank Axel Rudolph, Senior Technical Analyst at Commerzbank, noted the relevant support levels for the pair. Key Quotes “Last week EUR/USD failed at 1.1400 as expected and this week reached the previous April low at 1.1234 and nearly the 55 day ma at 1...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 10:54
EUR/USD Downside Appears Limited – UOB In view of analysts at UOB Group, the downside momentum in EUR/USD could slower its pace in the short-term. Key Quotes “While the break below 1...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 10:52
FxWirePro: GBP/JPY Faces Strong Support at 160, Good to Buy at Dips Major resistance -162.60 Major support – 158 (21 day 4HMA) The pair has opened higher today morning around 161.74 and started to decline from that level. It is currently trading around 160.60...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 10:50
FxWirePro: Turkish Lira Continues to Fall Against US Dollar, Intraday Bias Remains Bullish USD/TRY is currently trading at 2.8463 levels. It made intraday high at 2.8520 and low at 2.8421 levels. Intraday bias remains bullish for the moment. A daily close below 2...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 10:47
Technical analysis of USDX for April 25, 2016 The Dollar index made a breakout on Friday to new short-term highs but still holds below the 95.20 important resistance. This resistance was once tested and prices got rejected. I believe we can see another attempt to break above it this week...
Analytics & Forecasts
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Roberto Jacobs, 25 April 2016, 10:42
There is no trade call for the London session. Start your week with my prepared currency update below. Currency Update USD: CPI for March slightly missed estimates with Core dropping to 2.2% y/y from a prior of 2.3% and for the month, missing estimates at 0.1% versus 0.2% expected...
Weekly Trends
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Sherif Hasan, 25 April 2016, 10:42
Technical Analysis of Gold for April 25, 2016 Gold remains trapped inside the trading range of $1,270-$1,220. Gold bulls have tried to push higher for a breakout but were not strong enough...
Technical Analysis of EUR/JPY for April 25, 2016 General overview for 25/04/2016: The Elliott wave count has been little modified to incorporate the recent price action. Currently, the corrective cycle in wave 2 is expected, and the retracement can reach the projected level of 123...
Technical Analysis of USD/CAD for April 25, 2016 General overview for 25/04/2016: The market trades in the bearish zone, below the weekly pivot at the level of 1.2721 and below the intraday resistance at the level of 1.2749...
Technical Analysis of USD/CHF for April 25, 2016 USD/CHF is expected to trade with a bullish bias and looking forward for a target at 0.9800. The pair resumed its bullish trend and is now heading upward, supported by its rising 20-period moving average...
Technical Analysis of GBP/JPY for April 25, 2016 GBP/JPY is expected to trade with a bullish bias above 159.45. The pair remains bullish above its nearest support at 159.45. The sequence of higher highs and lows remains intact, which should confirm a positive outlook...
Technical Analysis of NZD/USD for April 25, 2016 NZD/USD is expected to trade with a bearish bias as the pair is capped by a negative trend line. The pair stays below its key resistance at 0.6820 and is also capped by a negative trend line...
In our previous week's post, we alerted for a major buy trade that would target above 110.50 - USD/JPY: Retraced 38.2%, Time to Buy Already? Since that moment, USDJPY has moved up in a strong wave 3 and currently is completing an inner wave 4...
Scalping
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AynGannRand, 25 April 2016, 10:01 #technical analysis